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Categories » Municipal Finance » Municipal Finance Q&A » GASB 87 - contracts/lease policy

GASB 87 - contracts/lease policy

  • Accountant
    City of Rocky Mount
    In order to ensure accurate and complete reporting of leases, we need to consider changing policies and procedures for tracking and reporting leases, both as a lessor and a lessee. We need better communication between departments that enter into leases and Finance staff, and we also need procedures that identify when existing leases are modified (such as changes in lease term or estimated payment amounts).

    Can anyone share their contracts policy to make it centralized and that contains needed internal controls related to identification of leases? You can contact me directly at Thanks!
      April 1, 2021 3:09 PM EDT
  • Financial Reporting Accountant III
    City of Charlotte
    I would like this information as well. Thanks.

    You can email me at This post was edited by Alexandra Gatti at April 1, 2021 4:52 PM EDT
      April 1, 2021 4:50 PM EDT
  • Program Coordinator
    Cabarrus Health Alliance
    I would appreciate this information as well. My email is
    Thank you in advance! 
      April 2, 2021 8:29 AM EDT
  • Finance Director
    Town of Elizabethtown
    I would like this information as well.  Thanks..
    Sharon A Penny
    Finance Director

    Town of Elizabethtown
      April 5, 2021 10:43 AM EDT
  • Finance Manager
    City of Concord
    2 13
    I would also be interested in this information.  Thank you!
      April 12, 2021 9:54 AM EDT
  • Finance Specialist
    City of Southport
    I would like to add my name to the list of interested parties.  Thank you!
    Scott Rogers
      April 12, 2021 12:02 PM EDT
  • Executive Director of Financial Services
    Charlotte Mecklenburg Schools
    We would appreciate any examples you are willing to share as well! Please email
      April 13, 2021 8:43 AM EDT